Red Rock Resources Share Discussion Threads

[wilddcw] 23/8/2020 12:37

Does anyone have any information when all the Victoria licenses are expected to go into commercial production?

[noirua] 20/8/2020 19:20

Torp, you should have followed many of us here in buying shares near the bottom at 0.18p to 0.2p. That way one can average down quite sharply. £5,000 at 0.8p = 625,000 shares and at 0.2p = 2,500,000 shares - average equals just 0.32p. Good luck anyway.

I hope it works out well for CLN holders.

[kemche] 20/8/2020 11:12

I took 657% off the table, a decent £456,745 turnaround. I have retained 366% on the hope that Greenland, Amulet, Steelmin and Shyte Creek come good.

[torp] 20/8/2020 10:55

lol there's no way Noirua left with a profit here

[noirua] 19/8/2020 16:01

Howdy Torp et al, as posted earlier, I've sold 92% of my shares in Red Rock at an overall profit of 12%, a turnaround of about £32,000 from RRR's low point. A great part invested in silver shares such as Hecla, Wheaton, Silvercorp, Fortuna etc., I am in this to make profits and not a loss which no doubt we all have suffered from time to time. My philosophy is to take it on the chin and forget it otherwise one becomes embittered.

I've retained 8% purely because the Mid-Migori interest could well come off further down the line - just a wee gamble now. The Australian interest in Victoria is a hope and pray gamble. Many companies have tenements quite similar in most areas of Australia and nearly all will lie there with not much happening. These nearology tenements rarely come off as the bigger companies with adjoining or nearby mines would have snapped them up.

RRR shares were super cheap at 0.15p-0.20p and they probably have a true value far above that. How far is anyone's guess.

As it has worked out in the end the bulls won the day and I'm quietly content - good luck all.

[torp] 19/8/2020 15:06

You seem to have had a change of heart of late Noirua. Any reason for that?

[kemche] 19/8/2020 15:03

Historical records clearly showing all the things that happened historically. Whoosh!

[greenpastures2] 19/8/2020 14:52

I suspect nothing will come of it Noirua. I will be surprised if that area hasn't had a good going over since gold rush days in the 1860s.

[noirua] 19/8/2020 13:22

Latest RNS is about receipt of historical reports at Ballarat.. Fund raising will be needed to continue any further work - this applies to both POW and RRR. They may be lucky but only snakes and lizards frequent the tenements at present.
It would be an extreme gamble to start air core drilling from old mapping. After a license is granted to drill of course.
The Kenya JORC resource is more interesting if a mining license is eventually granted but unlikely until the covid-19 epidemic becomes more clear.

[noirua] 19/8/2020 13:14

Substantial holders of CLNs may well have a facility arranged to forward sell the shares for delivery in up to 20 trading days. Sometimes these can be flipped if a delay occurs.

[new_scally] 19/8/2020 01:01

plunger

I see you have learnt to cut and paste, well done keep it up. Your lack of class is still evident though together with your offensive manner, keep taking the classes and one day your IQ may (I say may) be higher than your shoe size.

[noirua] 18/8/2020 18:45

A fair post there Torp on the CLNs. I had that very much in mind as the bid price reached 0.6p and then 0.9p - the warrants on this link are shown at 0.009p from 19 December.

Today's rise was propelled by chartist Zak Mir but failed to close above 0.86p he was looking for.

[kemche] 18/8/2020 15:01

As you admitted many times Noirua!

[noirua] 18/8/2020 14:47

Sometimes we all must admit to being wrong and not be caught out blustering away. I started selling shares as low as 0.28p and as high as 0.9p - average is probably in the middle at 0.55p to 0.6p - haven't worked it out as yet. Lost the faith during the final stages of the drop and sold many shares far too soon. Profit so far around 10% or so - not good at all, basically got it wrong buying back from late 2018.

[kemche] 18/8/2020 11:52

Sold another 643% of my holding. Retained the other 98%.

[noirua] 18/8/2020 11:07

The rise looks to be overdone in such a short period of time. Retaining 576,000 shares which is 92% down on my highest holding. Company has a financing hurdle though due to the share run up AB will find this as no problem now - raised my thoughts of a placing of 0.5p-0.55p to 0.7p.
Cash could pour in from Jupiter's proposed sale of iron ore interests and El Limon royalties, however these sums are likely to arrive well into 2021 and only cash from share sales could bolster finances. A problem as AB looks at his cake and wonders if he dare attempt to eat it.

[noirua] 18/8/2020 10:28

Keya5000, GPSS looks favorable still but 46.14p is payable on 30 November for those still holding. If the NAV of GPM dips, as it did for awhile last week, there could be some unhappy people around. Also, Evil Knieval holds a lot of GPM and GPSS, one poster says he has about 2 million GPM. Evil is in trouble as he shorted TESLA that has rocketed in price - EK seemed to have not researched that TESLA is expanding sales to Electricity companies like EDF and expanding sales of solar panels.

[kemche] 18/8/2020 10:25

Can see multiples of the price here. Astute operators. Canny board.